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Bank of China's Pretax Profit
Jumped 30% on Loan Growth

BEIJING -- Bank of China said pretax profit for the first nine months of the year rose 30% from a year earlier, driven by rapid loan growth in a booming Chinese economy.

Bank of China said pretax profit, which is calculated after provisions for things such as bad loans, was 19.95 billion yuan ($2.41 billion). The bank, which is the parent of BOC Hong Kong (Holdings) Ltd., reported operating profit of 38.9 billion yuan, up 16%.